AB Bank signs agreement with Commercial Bank of Ceylon
Arab Bangladesh Bank Limited has signed a memorandum of understanding with Commercial Bank of Ceylon Limited for trading on repo/reverse repo against T-bills/bonds and other government securities.The deal was inked between the two banks in Dhaka recently, says a press release. President and Managing Director of AB Bank Limited Abu Haniff Khan and S Renganathan, country manager of Commercial Bank of Ceylon Limited, signed the agreement on behalf of their banks. The deal will help develop secondary market of the country. Among others MA Awal, advisor, Abu Mustafa Kamal, head of Treasury, Md Sirajul Islam, head of HR of AB Bank Ltd, and Karar Zubair, head of Treasury of Commercial Bank of Ceylon Limited, were also present.
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